A new dawn for J Crew Blockers? Strong formulations we’ve seen in 2023

Cloud 9fin

English - September 07, 2023 15:14 - 10 minutes - 14.3 MB - ★★★★★ - 6 ratings
Business News Business News leveraged finance high-yield bonds leveraged loans private credit restructuring distressed debt finance debt loans lbos Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed

Previous Episode: The pipe is ripe

Next Episode: Banks push back on private credit with Eric Muller, Oak Hill Advisors

Lenders tend to feel reassured knowing their docs have a J Crew blocker, but not all J Crew blockers offer the protection they might expect.

For this week’s episode of our podcast, Alice Holian and Olivia Mantock cover the ins and outs of J Crew blockers and run through some novel formulations they’ve seen in 2023.

Is the ‘Dechra standard’ going to take off? Or will blockers become increasingly limited in scope?